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Earnings season is beginning to wind down now but there’s still plenty of action on the calendar.
There will still be over 250 companies reporting earnings this week, including many of the important retailers, including the home remodeling retailers, furniture, department store and “essential” retailers that sell food alongside other products like tennis shoes and videogames.
The group of companies reporting includes 5 that have spectacular charts.
Not only have their beaten nearly every quarter for years, but they’re busting out to new 5-year highs.
And they’re not all in technology either.
It’s not easy to beat quarter after quarter, through a recession and a pandemic.
Will they be able to do it again and keep their momentum?
5 Spectacular Break-Out Earnings Charts
1. NVIDIA (NVDA - Free Report) has only missed once since Zacks data began in 2017 and it was back in 2018. Shares are up 128% year-to-date and are at 5-year highs. It’s one of the hottest stocks on the Street. Can it continue to rally?
2. Copart (CPRT - Free Report) is in the hot online vehicle auction industry. It has only missed 3 times in the last 5 years so it has a good earnings surprise track record. Shares are up 27.8% year-to-date and are near 5-year highs. Is it too hot to handle?
3. Keysight Technologies (KEYS - Free Report) has only missed one time since 2017. Impressive. Shares are up 14.5% year-to-date and are at new 5-year highs. It’s trading at just 22x forward earnings. Can it extend the breakout into 2021?
4. Canadian Solar (CSIQ - Free Report) has beat on earnings 6 of the last 7 quarters. Solar investors have been waiting for years for the shares to get out of their narrow trading range. Finally, in 2020, they have. Shares have soared 79.6% in 2020 to new 5-year highs. Is this solar breakout for real?
5. Williams Sonoma (WSM - Free Report) is one of the pandemic winners as consumers buy furniture, small appliances like bread and coffee makers as well as food products. Williams Sonoma owns the hottest furniture brand on the Street in West Elm. It also has a hot earnings surprise record with just 1 miss in the last 5 years, back in 2016. Shares are up 31% year-to-date and are near 5-year highs. Is the focus on home going to fade in 2021?
[In full disclosure, Tracey owns shares of WSM in her personal portfolio.]
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
5 Spectacular Break-Out Earnings Charts
Earnings season is beginning to wind down now but there’s still plenty of action on the calendar.
There will still be over 250 companies reporting earnings this week, including many of the important retailers, including the home remodeling retailers, furniture, department store and “essential” retailers that sell food alongside other products like tennis shoes and videogames.
The group of companies reporting includes 5 that have spectacular charts.
Not only have their beaten nearly every quarter for years, but they’re busting out to new 5-year highs.
And they’re not all in technology either.
It’s not easy to beat quarter after quarter, through a recession and a pandemic.
Will they be able to do it again and keep their momentum?
5 Spectacular Break-Out Earnings Charts
1. NVIDIA (NVDA - Free Report) has only missed once since Zacks data began in 2017 and it was back in 2018. Shares are up 128% year-to-date and are at 5-year highs. It’s one of the hottest stocks on the Street. Can it continue to rally?
2. Copart (CPRT - Free Report) is in the hot online vehicle auction industry. It has only missed 3 times in the last 5 years so it has a good earnings surprise track record. Shares are up 27.8% year-to-date and are near 5-year highs. Is it too hot to handle?
3. Keysight Technologies (KEYS - Free Report) has only missed one time since 2017. Impressive. Shares are up 14.5% year-to-date and are at new 5-year highs. It’s trading at just 22x forward earnings. Can it extend the breakout into 2021?
4. Canadian Solar (CSIQ - Free Report) has beat on earnings 6 of the last 7 quarters. Solar investors have been waiting for years for the shares to get out of their narrow trading range. Finally, in 2020, they have. Shares have soared 79.6% in 2020 to new 5-year highs. Is this solar breakout for real?
5. Williams Sonoma (WSM - Free Report) is one of the pandemic winners as consumers buy furniture, small appliances like bread and coffee makers as well as food products. Williams Sonoma owns the hottest furniture brand on the Street in West Elm. It also has a hot earnings surprise record with just 1 miss in the last 5 years, back in 2016. Shares are up 31% year-to-date and are near 5-year highs. Is the focus on home going to fade in 2021?
[In full disclosure, Tracey owns shares of WSM in her personal portfolio.]
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>